Deal of the day: money-transfer companies evolve, as remittances rebound

Don’t underestimate remittances - according to the World Bank, developing countries receive two-thirds as much money from their workers abroad as they do from foreign direct investors.

But the money-transfer industry is fragmented, and needs to adapt to new competition, regulations and technologies. So like other sectors, it’s using the aftermath of the Great Recession to consolidate. Read more